March 11Th Cotton Futures Agencies Watch Cotton Prices

< p > < strong > [MEIKO futures < a href= "http://www.91se91.com/news/index_c.asp > > Cotton City > /a > industry keeps balance inside and outside the plate at the same time approaching technical pressure < /strong > /p >

< p > overnight, 8 days, USDA3 month supply and demand report shows that global demand for cotton is strong, US cotton exports will increase, and cotton stocks outside China will continue to decrease.

Affected by this, the ICE cotton market rose sharply, hitting the highest level of 88.78 cents in 10 months, but the late stage has sped up some gains.

At present, the pressure of market technical adjustment still exists, but the tight fundamentals of the US will effectively support cotton prices to regain their gains after adjustment.

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< p > international market. On the 8 day, the quotation of China's main port of imported cotton is finally callback. The price of all varieties is generally reduced by 0.75-1.25 cents.

According to the weekly report of the US cotton export, the cotton price has been rising rapidly in recent years, and the sales of foreign cotton have not been affected.

However, China's reduced imports are being compensated by other countries and regions, and there are still more than 20 destinations for us cotton exports last week.

If the USDA monthly report is good on schedule, the bull market will be further consolidated.

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< p > domestic market, domestic cotton spot prices remain stable.

Currently, the survival environment of downstream textile enterprises has improved slightly, especially at the end of December last year, when the domestic a href= "http://www.91se91.com/" target= "_blank" > textile href= < /a > a href= "http://www.91se91.com/" target= "_blank" > clothing "no" > the export rebounded significantly, and domestic retail sales grew significantly year-on-year, this good trend was extended in 2013. Under the background of positive changes in production and marketing environment, the demand for terminal cotton is expected to continue to grow, while the new year's cotton planting intention is lower than previous years and has a certain supporting role in cotton prices.

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"P > spot quotation, 8 days, C/A cotton 99.85 (cents / pound), port delivery price 16444 yuan / ton (calculated by sliding tax), Australia cotton 105.10, port delivery price 17217 yuan / ton; Uzbekistan cotton 103.60, port delivery price 16984 yuan / ton; West Africa cotton 95.10, port delivery price 15865 yuan / ton; India cotton 93.40, port delivery price 15664 yuan / ton.

CNCotton A 20137 yuan / ton, up 1 yuan; CNCotton B 19310 yuan, up 1 yuan.

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< p > market analysis, according to the cotton grain price ratio, it is expected to raise the price of cotton purchase and storage in the new year. The bottom of cotton price is slightly lifted, but the market remains cautious before the policy has been released.

American cotton approached 90 line pressure measurement; zhengmian pre high 20530 pressure is obvious, re test support, try to digest and throw.

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< p > operation, the short air is backed by the front high holding, see the 19900 support.

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< p > < strong > [one German futures] adjustment comes to Zheng cotton low position to do more than < /strong > /p >

< p > adjustment comes to Zheng cotton low position to do more than < /p >.

< p > on Friday, CF1309 opened up and walked higher. CF1309 closed more than 12.4 hands, and its position decreased slightly.

CF1309 closed at 20250 yuan / ton, up 65 yuan / ton, increased 7998 positions; in March 8th, China's imported cotton (FC Index M) 95.07 cents / pound, fell 0.40 cents / pound, 1% yuan tariff reduced price 15223 yuan / ton, sliding price conversion price 15922 yuan / ton.

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< p > according to New York's March 8th news, cotton futures closed higher on Friday, hitting a ten month high because of strong employment data in the United States, and the USDA report showed strong global demand.

ICE traded the most active cotton futures in May, up 0.38 cents or 0.4%, at 86.88 cents a pound.

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< p > in March 8th, the cotton trade in the national cotton trading market was 10540 tons, 180 tons less than the previous trading day.

The order volume decreased by 60 tons compared with the previous trading day, and the total order was 16540 tons.

On the 8 day, the commodity cotton trading market rose, and the contract price of the intra month trading rose all over the line, with an increase of more than 200 yuan, with a slight decrease in total volume and order volume.

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"P" > on Friday, Zheng cotton went up and down, and the US cotton speculative position has reached a historical high level. At present, there is a possibility of stagflation. If the rhythm of the cotton cotton is synchronized, it is more likely to trigger a further adjustment of Zheng cotton. The supply and demand report is neutral, and the adjustment of US cotton is lower than expected. The domestic dumping price is gradually reduced, and the reserve cotton is adequate. In the short term, there is still a possibility of falling down. In the long run, the bottom uplift is inevitable, and it is proposed to wait and see for a while, waiting for the return, and 19800 months of cotton production in the near future.

Today's operation recommends, wait and see, CF1309 reference price range is 20000-20400.

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< p > < strong > [Hongyuan futures] USDA report has little effect on Zheng cotton < /strong > /p >

< p > key points < /p >

< p > 1. Price Bulletin: domestic lint: 129 level 21008 yuan / ton; 229 class 20137 yuan / ton; 328 level 19310 yuan / ton; 428 grade 18705 yuan / ton.

Domestic textiles: polyester staple fiber 10770 yuan / ton; viscose staple fiber 15010 yuan / ton; C32S price 25950 yuan / ton.

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< p > 2. domestic stock: the spot price of domestic cotton keeps rising steadily. In March, as more downstream weaving factories started, the demand for raw materials improved, but the overall market situation of the yarn market was still light, and the actual orders were not large. Textile enterprises did not want to lose their business again. They were more cautious in purchasing cotton and had a strong wait-and-see sentiment.

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< p > 2. imported cotton: China's main port price of imported cotton is seven rising, the price of varieties is 0.25 cents higher than that of the previous day, and the price of Egyptian long staple cotton has also increased 0.75 cents.

According to cotton traders, although demand for cotton has risen rapidly, demand for textile mills is still on the way.

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< p > 3. cotton reserve put in: in March 8th, the number of cotton reserves was 71138.5687 tons, and the actual turnover was 13651.9232 tons. The turnover ratio was 19.19%, and the turnover price was 328 yuan, 19154 yuan / ton (public weight).

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< p > 4.USDA: according to the global cotton supply and demand forecast report in USDA3 month, the current global cotton initial inventory of 15 million 19 thousand tons, compared with the forecast in February, was reduced by 11 thousand tons; the global output of 26 million 98 thousand tons, increased by 199 thousand tons; consumption accumulated 23 million 321 thousand tons, increased by 190 thousand tons; import and export trade volume to 911-913 million tons, increased by 31-33 million tons; the end of the world 17 million 797 thousand tons of storage, reduction of 26 thousand tons, inventory consumption than 76.31%.

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< p > 4.ICE cotton: in March 8th, the supply and demand report of USDA3 showed that the global demand for cotton was strong, the export volume of US cotton increased, and the cotton stocks outside China continued to decrease.

Affected by this, the ICE cotton market rose sharply, hitting the highest level of 88.78 cents in 10 months, but the late stage has sped up some gains.

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< p > summary: < /p >

< p > March 8th, ICE < a href= "http://www.91se91.com/news/index_s.asp" > cotton > /a > higher, and the longer the hatching line, technically, the power to continue to rise is insufficient.

China's cotton market is a market dominated by policies. The warehouse receipt issue is the focus of the futures market. The policy of throwing and storing has attracted much attention. Comparatively speaking, the USDA report has little influence on Zheng cotton.

Operation is still recommended to meet the high light air.

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